News & Resources

Why Working Capital is Important for Contractors

For most contractors bonding is imperative for a lot of jobs and especially larger jobs. Bonding provides assurance to the project owner that the contractor will perform the work and pay their subcontractors, laborers and material suppliers. Bonds are a

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Corporate Funding Formula and Incentive Pool Allocations

As a Contractor, Architecture/Engineering firm, or any owner of a business, are you looking for that key ingredient to maximize your company’s success, profitability and operational efficiencies? That key ingredient is the company’s employees. Attracting and retaining employees whose skills,

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Top 50 Construction Accounting Firm

Somerset is proud to announce we have been named a Construction Executive Top 50 Construction Accounting Firm, with a ranking of 17! Click here to learn more about this inaugural ranking.  

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Construction Leading Edge Podcast

  Somerset CPAs and Advisors Principals Howard Cox and Ken Hedlund recently appeared on The Construction Leading Edge Podcast, Episode #103: How Will You Get Out of Your Business? Succession and Exit Planning for Contractors. Click here to listen on iTunes,

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Ohio Department of Transportation DBE Supportive Services Program

  The Ohio Department of Transportation’s Disadvantaged Business Enterprise Supportive Services Program is designed to assist DBE heavy highway construction and consulting firms working on heavy highway projects to compete and perform on federally funded heavy highway construction projects. The

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Federal Transportation Funding Bill

  On August 1, 2018, the US Senate approved a four-bill spending package for the Fiscal Year 2019 by a vote of 92-6. This is the second year under the two year budget agreement that raised the spending caps and

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Construction & Engineering Budget Projections

  The Indiana Department of Transportation (INDOT) recently shared their construction and engineering budget projections through Fiscal Year 2021, with the new funding from the House Enrolled Act 1002. Projects may shift from year to year for various reasons, meaning these

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A/E/C Firms And The R&D Credit

  Are you looking to be more competitive in an ever changing global economy? Are you being asked to develop and improve designs and processes to be more forward thinking? Are you finding the cost of this constant development and

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Somerset CPAs and Advisors is now part of CBIZ and MHM. Together, CBIZ and MHM are one of the Top Ten accounting providers in the country. Please click here for more information.

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